3D Printed Drugs Market Size, Share, Growth Analysis, By Technology Type(Inkjet Printing, Fused Deposition Modeling), By Application(Orthopaedic, Neurology) - Industry Forecast 2024-2031

3D Printed Drugs Market size was valued at USD 84.91 Million in 2022 and is poised to grow from USD 98.5 Million in 2023 to USD 322.91 Million by 2031, at a CAGR of 16% during the forecast period (2024-2031).

The 3D printed drugs market is very competitive in nature owing to various strategies including partnerships through geographical expansion, mergers and acquisitions, and strategic collaborations to expand their market presence. The business manufactures a variety of prescription drugs and vaccinations. The pharmaceutical industry finds, creates, and sells drugs to treat both acute and chronic illnesses. The vaccines industry offers vaccinations for individuals of all ages, from infants and adolescents to adults and senior citizens. Its product line includes HIV and respiratory medications. Respiratory, HIV, Specialty Products, and Classic and Established Products are all part of its pharmaceuticals division. Over 40 vaccinations for children, adolescents, adults, older adults, and travellers are included in the company's vaccine portfolio. 'Aprecia Pharmaceuticals - (US)', 'FabRx - (UK)', 'GlaxoSmithKline - (UK)', 'Pfizer - (US)', 'Merck - (US)', 'Sanofi - (France)', '3D Systems - (US)', 'BASF - (Germany)', 'Teva Pharmaceuticals - (Israel)', 'Novartis - (Switzerland)', 'Roche - (Switzerland)', 'Catalent - (US)', 'Johnson & Johnson - (US)', 'Vertex Pharmaceuticals - (US)', 'Boehringer Ingelheim - (Germany)', 'Siemens Healthineers - (Germany)', 'Sandoz International - (Germany)', 'BioBots - (US)', 'Apium Additive Technologies - (Germany)', 'Boston Micro Fabrication - (US)'

The increasing demand for personalized medicines is a major driver of the 3D Printed Drugs market. Personalized medicines are drugs that are tailored to the individual patient based on their genetics, environment, and lifestyle. These drugs offer several advantages over traditional drugs, including improved efficacy, reduced side effects, and increased patient compliance. 3D printing technology enables the creation of customized drug formulations with precise dosing and drug release characteristics, making it an ideal technology for the production of personalized medicines. With 3D printing, pharmaceutical companies can create drugs with unique geometries and formulations that cannot be achieved using traditional manufacturing methods. The demand for personalized medicines is increasing due to the rising prevalence of chronic diseases and the need for targeted drug delivery. Chronic diseases such as cancer, diabetes, and cardiovascular diseases require long-term treatment and personalized medicines can improve patient outcomes and quality of life. Additionally, targeted drug delivery can reduce the dose required, reducing side effects and improving patient compliance. The 3D Printed Drugs market is expected to grow significantly in the coming years. With the increasing demand for personalized medicines and advancements in 3D printing technology, the 3D Printed Drugs market is expected to continue to grow at a rapid pace.

Collaboration between pharmaceutical companies and 3D printing companies: The collaboration between pharmaceutical companies and 3D printing companies is becoming increasingly common in the 3D Printed Drugs market. This collaboration is driving innovation in the industry and helping to bring new drugs and drug delivery devices to market faster. Pharmaceutical companies are partnering with 3D printing companies to develop new drugs and drug delivery devices. 3D printing technology allows for the production of complex drug formulations and personalized drugs with precise dosing and tailored formulations. collaboration between pharmaceutical companies and 3D printing companies is driving innovation in the 3D Printed Drugs market. This collaboration is helping to bring new drugs and drug delivery devices to market faster, and is expected to continue driving growth in the industry in the coming years.

In 2022, North America dominated the regional market with a share of 38.23%. This major share can be attributed to an increased incidence of chronic diseases, the presence of excellent domestic healthcare infrastructure, strong investment in R&D, and the expanding use of technological developments in the North America region.